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Products → Revenue: $96B
Revenue → Cost of revenue: $67B
iPhone → Products: $66B
Cost of revenue → Product costs: $61B
Revenue → Gross profit: $50B
Gross profit → Operating profit: $36B
Operating profit → Net profit: $30B
Services → Revenue: $21B
Gross profit → Operating expenses: $14B
Watch and AirPods → Products: $13B
iPad → Products: $9B
MacBook → Products: $8B
Operating expenses → R&D: $8B
Operating expenses → SG&A: $7B
Cost of revenue → Service costs: $6B
Operating profit → Tax: $6B
Operating profit → Other: $0B
iPhone: $66B
Products: $96B
MacBook: $8B
iPad: $9B
Watch and AirPods: $13B
Revenue: $117B
Services: $21B
Gross profit: $50B
Cost of revenue: $67B
Operating profit: $36B
Operating expenses: $14B
Product costs: $61B
Service costs: $6B
Net profit: $30B
Tax: $6B
Other: $0B
R&D: $8B
SG&A: $7B
created with SankeyArt.com
iPhone
$66B
-8% Y/Y
Products
$96B
-8% Y/Y
MacBook
$8B
-29% Y/Y
iPad
$9B
30% Y/Y
Watch and AirPods
$13B
-8% Y/Y
Revenue
$117B
-5% Y/Y
Services
$21B
6% Y/Y
Gross profit
$50B
-7% Y/Y
Cost of revenue
$67B
-4% Y/Y
Operating profit
$36B
-13% Y/Y
Operating expenses
$14B
12% Y/Y
Product costs
$61B
-6% Y/Y
Service costs
$6B
12% Y/Y
Net profit
$30B
-13% Y/Y
Tax
$6B
-15% Y/Y
Other
$393M
59% Y/Y
R&D
$8B
22% Y/Y
SG&A
$7B
2% Y/Y
Apple Q1 FY23 Income Statement
2022
Q4
Full Year
2023
Q1
Q2
Q3
Q4
Full Year
2024
Q1
Q2
Q3
Full Year